Data / Bank failures / 1971 / Birmingham-Bloomfield Bank
Birmingham-Bloomfield Bank, Birmingham, MI: failed February 16, 1971
Birmingham-Bloomfield Bank in Birmingham, Michigan, failed on February 16, 1971. It held $109.7 million in assets and $57.5 million in deposits at its last report. By assets it was the largest of 7 banks closed or assisted in 1971.
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The FDIC's record
- Closed
- February 16, 1971
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $109,739,000
- Total deposits
- $57,547,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 18316
Other bank failures in Michigan, 1969 to 1973
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of the Commonwealth (assistance) | Detroit | January 18, 1972 | $1.30 billion | |||
| The Peoples State Savings Bank | Auburn | April 18, 1970 | $10.9 million | $9.9 million | ||
| The Morrice State Bank | Morrice | May 6, 1969 | $2.3 million | $2.2 million |
All bank failures in 1971 · All bank failures in Michigan · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.